The services confidence indicator in the Euro Area picked up to -17.1 in February 2021, up from -17.7 in the previous month and above market expectations of -18.1, driven by managers’ more positive assessment of the past business situation and improved demand expectations. Meanwhile, firms' assessment of past demand remained virtually unchanged compared to January. source: European Commission
Services Sentiment in the Euro Area averaged 9.08 from 1996 until 2021, reaching an all time high of 35 in June of 1998 and a record low of -43.50 in May of 2020. This page provides - Euro Area Services Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Services Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Services Sentiment in Euro Area is expected to be -8.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Sentiment in Euro Area to stand at -3.00 in 12 months time. In the long-term, the Euro Area Services Sentiment is projected to trend around 2.00 in 2022, according to our econometric models.